St. Petersburg Machinery & Equipment Appraisals

St. Petersburg, situated on a peninsula between Tampa Bay and the Gulf of Mexico, has earned the nickname of “The Sunshine City” due to logging the most consecutive days of sunshine in the Guiness Book of World Records. The city is often referred to as “St. Pete” by locals.

Our knowledgeable appraisers have appraised machinery and equipment of all types, ranging from restaurants, retail stores, medical equipment, dental equipment, textile manufacturing, machine shops hotels and more. Our ingenuity and experience make us an excellent choice for appraising machinery and equipment for your St. Petersburg based business. Our appraisers prepare reliable, accurate and defensible certified equipment appraisals in St. Petersburg and other nearby communities. We have performed numerous machinery and equipment appraisals in the state of Florida.

There are varying reasons that an equipment appraisal might be needed. Our certified appraisers are skilled and experienced appraising equipment and can accurately and efficiently identify the best approach to value that should be utilized for the appraisal circumstances. Our appraisers deliberately consider three different approaches to value when appraising machinery and equipment before determining the best fit: the income approach, the cost less depreciation approach and the market data approach.

The income approach considers the revenue streams in order to establish a present value. This approach is often difficult to implement since revenue streams for single components cannot be itemized easily. However, there are occasionally situations where it makes sense to apply the income approach to an equipment appraisal.

The market data approach is when the market value estimate is based upon prices being paid in actual and current market listings. The latest transactions are reviewed to conclude a probable value.

The cost less depreciation approach is when the existing cost of an asset is determined after subtracting for functional and economic obsolescence, physical deterioration and depreciation. It is based on the principle of substitution which maintains that an informed buyer will not pay more for an asset than the cost of an asset that can be replaced with the same function.

St. Petersburg Machinery & Equipment Appraisals – Accurate and On Time

All of our appraisals are accurate, defensible and timely. Our appraisers have earned their CMEA qualifications through a distinguished organization known as the NEBB Institute. This training has prepared them for even the most complex appraisals. All of our machinery and equipment appraisals are certified, USPAP compliant and meet the SBA’s SOP requirements.